Top APAC Mergers & Acquisitions of the Last Decade

Top APAC Merger & Acquisition

The last decade saw a slowdown of many developed and emerging economies. This slowdown, especially in the year 2020 due to the Covid19 pandemic, made business enterprises think about the strategies which are viable to sustain growth. Many companies choose the way of combing the business to form a new entity and face the adverse situation with new zeal.

Here are some of the top APAC mergers and acquisitions of the last decade.

1. SoftBank & ARM Holdings

Merger Date: 18/07/2016

SoftBank surprised the technology world with a plan to acquire British chip designer ARM Holdings for $31.4 billion in July 2016. SoftBank’s intent was to keep ARM Holdings as an independent business, investing in the company, supporting its team and accelerating its strategy, to fully realise its potential.

“We have long admired ARM as a world-renowned and highly respected technology company that is by some distance the market-leader in its field. ARM will be an excellent strategic fit within the SoftBank group as we invest to capture the very significant opportunities provided by the ‘Internet of Things’, Masayoshi Son, Chairman and CEO of SoftBank, said in a statement.

Stuart Chambers, the chairman of ARM, said, “This is a compelling offer for ARM shareholders, which secures the delivery of future value today and in cash. The board of ARM is reassured that ARM will remain a very significant UK business and will continue to play a key role in the development of new technology.”

2. Vodafone India & Idea Cellular

Merger Date: 13/08/2018

On August 2018, Vodafone completed the merger of its Indian mobile business with local rival Idea Cellular, creating the country’s biggest telecoms operator with more than 400m customers. As part of the merger, Vodafone India rebranded to Vodafone Idea and is jointly controlled by Vodafone and the Aditya Birla Group. Separate to the merger, Aditya Birla Group completed a purchase of a 4.8% stake in Vodafone India from Vodafone Group for US$353mn.

Balesh Sharma, CEO, Vodafone Idea Ltd, said, “As India’s leading telecom operator with two popular and loved brands, the company has the scale and resources to ensure sustainable customer choice and introduce new technologies.”

3. Temasek & Sygnia

Merger Date: 18/10/2018

The Singapore investment company Temasek Holdings acquired Israeli startup Signia. Financial details about the acquisition were not disclosed, though rumored to be $25million.

Sygnia builds cyber resilience against growing security threats. One of them implements a service that simulates massive cyberattack scenarios to stress test networks and critical assets for companies. That allows decision-makers to understand how such attacks occur in real-time, to identify vulnerabilities within the company and to strengthen their security.

“Aligning with Temasek will strengthen our capability to provide end to end strategic support to organizations in meeting the specter of cyber threats, and allow us to accelerate building our global reach,” Shachar Levy, CEO of Temasek said in a statement.

4. Takeda & Shire

Merger Date: 08/01/2019

In January 2019, the rapidly changing global pharmaceutical landscape reached another milestone as the Japanese multinational pharmaceutical and biopharmaceutical company, Takeda Pharmaceutical Co. completed its $62 billion acquisition of Shire Plc.

“We are delighted that the acquisition was approved by an overwhelming majority of our shareholders at Takeda’s extraordinary general meeting on December 5th, 2018. We are also pleased to have completed the acquisition several months earlier than expected, which was enabled through the hard work of our respective organizations and the smooth receipt of regulatory clearances,” said Christophe Weber, President and CEO of Takeda.

5. Samsung Electronics & TeleWorld Solutions

Merger Date: 13/01/2020

Samsung acquired TeleWorld Solutions in January 2020 to accelerate US 5G network expansion. The Virginia-based telecommunications company provides wireless networking and consulting services.

“The acquisition of TWS will enable us to meet mobile carriers’ growing needs for improving their 4G and 5G networks, and eventually create new opportunities to enhance our service capabilities to our customers,” Samsung EVP Paul Kyungwhoon Cheun said in a release.

6. Bian Capital & Virgin Australia

Merger Date: 26/06/2020

US private equity firm Bain Capital acquired Virgin Australia, with the largest group of creditors voting in favor of the $3.5 billion sale in 2020.

Virgin Australia has been one of the biggest corporate casualties of the coronavirus crisis, making a third of its workforce redundant.

“Bian Capital has spent many hours over the past weeks speaking to us and getting a deep understanding of our business and working to secure a deal with our administrators. We know they are committed to investing in the airline and we are thrilled to be working with them into the future,” commented Paul Scurrah, Chief Executive Officer and Managing Director of Virgin Australia Group.

7. KKR & First Gen

Merger Date: 28/06/2020

Global investment firm KKR acquired First Gen, an independent power producer for US$192mn in June 2020.

David Luboff, Partner and Head of Asia Pacific Infrastructure at KKR commented, “We are thrilled to make this infrastructure investment in the Philippines in First Gen. We have long viewed First Gen as an exceptional business with a high-caliber leadership team, and we have great respect for the Lopez family for building this strong, well-established company. This is an exciting and further milestone for KKR’s Asia Pacific infrastructure business, and we are pleased to have this opportunity to be an investor in First Gen able to positively engage with the company’s management team and the Lopez family as helpful in the future.”

8. JD.com & Kuayue Express

Merger Date: 13/08/2020

JD.com Inc. acquired a controlling interest in Chinese air freight and logistics company Kuayue Express Group Co. Ltd. for a total consideration of 3 billion Chinese yuan, or $431.8 million in August 2020.

The transaction involved the acquisition of Kuayue Express’ existing shares and subscribing for newly issued shares of Kuayue Express, subject to customary closing conditions.

The partnership with Kuayue Express advanced JD.com’s integrated supply chain management, technology initiatives and service expansion to third-party merchants, JD Logistics CEO Zhenhui Wang said in a news release.